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Does anybody ever pay attention to the oppurtunity cost of their time rather than cutting an slashing things out of their lifestyle. Im not trying to be holier than thou or anything its just.......I guess I believe that people sell themselves short far too many times.
If your definition of frugality is "finding ways to save money" then I guess the end goal would be to "save money". There is one other way to save money and that is to make more, while spending the same. Instead of cutting out things, why not add value to yourself, then you actually dont have to cut anything out. Adding value to yourself is easy and FREE best of all.
Go to the library read a book a week, or month. Books take the most successful peoples lives, ideas, and thoughts and compress them into 1-7 days worth of reading. Imagine if you read 1 book a week on business, goalsetting, real estate investing, making money on ebay, motivation, relationships, the lists gos on and on. Maybe you cant do a book a week but how about a month. Thats 12 a year that would allow you to learn directly from top experts on relationships,business,marketing,real estate investing, motivation. You would have to cut alot of coupons to make up for 1 great idea that added $10,000 a year to your income. Heck a good book on negotiation could save you $1,000's on buying your home, buying a car, or getting a mortgage.
If you must be frugal at least start with the big stuff, shop car insurances, shop mortgage rates, shop car rates, doing a home improvement buy coupons on E Bay, if you sell a house do it yourself or negotiate a discount commission, if your selling make repairs and spruce up the property. Do the same with cars that you sell.
Ponder a minute if you will, what if you read a book or took a course, that added $10,000 to your income? Based on a 2000 hour work year, you could be making $5.00/hr sitting on your couch with the heat turned down, cutting coupons and reading books on ways to make more money.
This is just a hot button for me because I have been there. 6 years ago I was newly married and borrowing money from my mom to pay the bills. At the time I was turning off the heat on my dishwasher, freezing my wife out of the house, and I still wasnt getting ahead.
Then I started looking inside and realized that while I was focusing on ways to save money, I wasnt focusing on anyways to make it. Instead of thinking of ways to get rich, I was thinking of ways not to go broke.
Fastforward to today, I own 30+properties, I will have made close to $100,000 in 2007 by the end of January. I live the life of my dreams. I dont say this to impress anybody, but more to impress upon you that if a kid who had to borrow grocerie money can do it than anyone can. I could never have the life I do today through scimping on my lifestyle.
There is a huge difference between playing to win and playing not to lose. When you are always internally asking the question "how can I save" then you dont have room for asking the important question "how can I make more"
There are people who love to be frugal, like Michael Jordan liked to play ball. For those people keep doing what your doing, so long as your happy doing it. For the rest of us who would much rather have comfortable heat in the house, or steak instead of rice for dinner, we need to change our thoughts from "how can I save" to "How can I make more? How can I add value to myself?"
You are worth the effort.
If your definition of frugality is "finding ways to save money" then I guess the end goal would be to "save money". There is one other way to save money and that is to make more, while spending the same. Instead of cutting out things, why not add value to yourself, then you actually dont have to cut anything out. Adding value to yourself is easy and FREE best of all.
Go to the library read a book a week, or month. Books take the most successful peoples lives, ideas, and thoughts and compress them into 1-7 days worth of reading. Imagine if you read 1 book a week on business, goalsetting, real estate investing, making money on ebay, motivation, relationships, the lists gos on and on. Maybe you cant do a book a week but how about a month. Thats 12 a year that would allow you to learn directly from top experts on relationships,business,marketing,real estate investing, motivation. You would have to cut alot of coupons to make up for 1 great idea that added $10,000 a year to your income. Heck a good book on negotiation could save you $1,000's on buying your home, buying a car, or getting a mortgage.
If you must be frugal at least start with the big stuff, shop car insurances, shop mortgage rates, shop car rates, doing a home improvement buy coupons on E Bay, if you sell a house do it yourself or negotiate a discount commission, if your selling make repairs and spruce up the property. Do the same with cars that you sell.
Ponder a minute if you will, what if you read a book or took a course, that added $10,000 to your income? Based on a 2000 hour work year, you could be making $5.00/hr sitting on your couch with the heat turned down, cutting coupons and reading books on ways to make more money.
This is just a hot button for me because I have been there. 6 years ago I was newly married and borrowing money from my mom to pay the bills. At the time I was turning off the heat on my dishwasher, freezing my wife out of the house, and I still wasnt getting ahead.
Then I started looking inside and realized that while I was focusing on ways to save money, I wasnt focusing on anyways to make it. Instead of thinking of ways to get rich, I was thinking of ways not to go broke.
Fastforward to today, I own 30+properties, I will have made close to $100,000 in 2007 by the end of January. I live the life of my dreams. I dont say this to impress anybody, but more to impress upon you that if a kid who had to borrow grocerie money can do it than anyone can. I could never have the life I do today through scimping on my lifestyle.
There is a huge difference between playing to win and playing not to lose. When you are always internally asking the question "how can I save" then you dont have room for asking the important question "how can I make more"
There are people who love to be frugal, like Michael Jordan liked to play ball. For those people keep doing what your doing, so long as your happy doing it. For the rest of us who would much rather have comfortable heat in the house, or steak instead of rice for dinner, we need to change our thoughts from "how can I save" to "How can I make more? How can I add value to myself?"
You are worth the effort.
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